Financial Express-Rate reduction will make home loans more affordable, boost affordable housing: Developers
The Reserve Bank of India’s ongoing Monetary Policy Committee (MPC) meeting has drawn intense attention from policymakers, investors, and the real estate sector alike. Speculation about a potential repo rate cut of 25 to 50 basis points has fueled optimism, as stakeholders hope for measures that could stimulate economic growth, make homeownership more accessible, and address inflationary pressures strategically.
Dr Niranjan Hiranandani, Chairman, NAREDCO, says the anticipated repo rate cut by 0.50 bps by the RBI on December 6 monetary policy will be a critical decision to further stimulate India’s economic growth.
G Hari Babu, National President, NAREDCO, says while the realty sector is demonstrating robust growth and positive sentiment, a stable or marginally-reduced repo rate would further strengthen its trajectory.
